AUD Daily and 3-day patternExpectation that the AUD was reversing back down into the 5-day 50% level, and will continue down into the 5-day 50% level on Thursday.
Yesterday I was trying to short around the brown filter, but price continued higher into 11pm and reversed down from the 3-day filter.
Today:- expectation price is continuing down into the 5-day 50% level.
Thursday's 5-day 50% level is random support, which could attract some buying, but I would think it's going to be short lived and could continue down into Thursday's 3-day lows.
3-day filter once again resistance
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
